Monday, June 27, 2022

28 Jun 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended higher on persistent buying interest mainly in technology and energy stocks.

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Plan A : Consider long if the market stays above 1438. Targets are 1447 and 1455.

Plan B : Attempt short if the market stays below 1435. Targets are 1430 and 1422




FCPO

FCPO moved upwards during the second section. Dalian closed +470 at 9734 while soybean oil traded +1.04 at 66.71. Ringgit strengthen to 4.39 against the greenback.

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Plan A : Long if market supported firm above 4935. Targets are 4966 and 5021.

Plan B : Short only if market failed to support above 4935. Targets are 4907 and 4885. 





Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of
that investment.  

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